Ahmedabad to Become a Global Tech Hub with ₹15,000 Crore Ganesh Housing Project
Ahmedabad eyes GCC spotlight with Rs 15,000 crore Ganesh Housing tech city
Image: The Economic Times
Gujarat is positioning Ahmedabad as a global capability center (GCC) with the launch of the ₹15,000 crore Million Minds Tech City by Ganesh Housing. The project will span 18 million sq ft and aims to create over 70,000 jobs, enhancing Ahmedabad's status alongside major tech cities like Bengaluru and Hyderabad.
- 01The Million Minds Tech City will be developed over seven phases within five years, starting with a 1.3 million sq ft first phase.
- 02Ganesh Housing has already invested ₹1,100 crore in the first phase, which has leased nearly 800,000 sq ft to various companies.
- 03Major tenants include IBM, Tata Consultancy Services, and international firms such as Searce and Valtech.
- 04The project will feature 10 million sq ft of commercial space, 6 million sq ft of residential developments, and 2 million sq ft of retail and lifestyle infrastructure.
- 05Ganesh Housing has previously delivered over 22 million sq ft in various real estate sectors.
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Gujarat is advancing its ambition to become a leading technology and services hub with the announcement of the Million Minds Tech City in Ahmedabad, a project by Ganesh Housing. Union Home Minister Amit Shah highlighted this initiative as a step towards positioning Ahmedabad alongside major cities like Bengaluru, Hyderabad, and Pune. The project, which will involve an investment of over ₹15,000 crore and cover 18 million sq ft, aims to create over 70,000 jobs over its development phases. Currently, the first phase, which spans 1.3 million sq ft, has already secured leases for nearly 800,000 sq ft from a mix of domestic and international firms. Notable tenants include IBM and Tata Consultancy Services. The entire development will consist of 10 million sq ft of commercial space, 6 million sq ft of residential offerings, and additional infrastructure for retail and hospitality. This initiative reflects a broader trend in India’s commercial real estate market, where integrated technology districts are becoming more prevalent, attracting multinational corporations seeking lower operational costs and a skilled workforce.
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This project is expected to significantly boost local employment and attract global companies to Ahmedabad, enhancing the city's economic landscape.
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